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Category Archives: Real Estate

A Rapidly Developing City of Dreams

This is one of the multiple reasons behind investors eyeing the city and people wanting to shift base to it. As a result of this, several big names in the real estate sector have started taking interest in the city and developing commercial and residential properties. The way they are contributing and coming up with top-notch projects one after the other, there is no doubt that soon Gurgaon will be the best city in India.

Besides coming up with apartments as per world-class designs with cutting-edge facilities, the builders are also playing their part in improving the educational scenario of Gurgaon. They are developing play schools, high schools, colleges, and many other educational institutions with well-qualified teachers and international standards.

Gurgaon or commonly known as the Millennium City is developing at an unimaginable speed. Earlier the residents of the city faced water, electricity, and security problems. But now, the complaints regarding the aforementioned problems have diminished and people are taking more interest in buying properties in Gurgaon.

Whether one is looking for a 2 BHK apartment, a duplex, or a penthouse, all of the homes in Gurgaon flaunt well-designed and luxurious interiors. Considering the importance of Internet connectivity in this day and age, some of the apartments also have Wi-Fi connectivity. Today, Gurgaon defines international Standard of living in India. Be it recreational facilities, health facilities or any other, a residential apartment in Gurgaon have got it all. One can also rent a small house at affordable cities in India.

Best Area for a Residential Apartment in Gurgaon

The most popular area in Gurgaon is the Sohna Road stretch. The prime reasons behind its popularity are connectivity and the backdrop. A house in this area will give you a feeling like you are living in a place with hills. And as far as connectivity is concerned, the stretch is connected to NH-8, Golf Course road, and the KMP Expressway. Since many renowned builders have secured land in the stretch, one can expect high standard buildings in the area.

Whenever buying a residential apartment in Gurgaon, make sure that you check the credibility of the builder. You need to collect information about the success of the builder’s past projects and whether or not they meet the deadline of the possession time. You should also compare the prices of the property and go for the one which is cheap and best. Also keep an eye on the facilities provided and how good is the connectivity from the place.

Quality of Life Finds a Sweet Spot

The wealth of the world flocks to London. But some of the smarter money continues on to Southampton.

That’s because the port city on the south coast of England, just 75 miles southwest of the Capital City, banks off a rich history in the maritime economy, its revered local universities, more-affordable housing and, in general, what might be considered a higher quality of life. A 2014 study of “good growth” factors by Price Waterhouse Coopers (PwC) and Demos, a cross-party think tank, assessed several factors that make for optimal local economic performance. Going beyond the simple Gross Value Added (GVA) measure it looks more holistically at such things as jobs, income, skills, health, housing (affordability) and work-life balance.

With the tourist trade unabated, merchant cargo ships docking in and out of the port on a near-hourly basis, and local universities fostering spin-out companies, it’s little wonder why land is being bought and developed. What might be surprising is why some properties have been undervalued until now.

Southampton ranked in the PwC-Demos study far above average among English, Scottish, Welsh and Northern Ireland cities, placing just above Oxford and Cambridge and a bit behind Edinburgh, Aberdeen and Reading & Bracknell. London and its boroughs ranked near the bottom due to high housing and transportation costs and inconveniences.

In terms of cost of living, Southampton offers interesting numbers. Mortgages as a percentage of income average around 43.8 per cent. In Oxford, that number is 62.15 per cent, in Edinburgh it is 42.04 per cent and in London it is 127.27 per cent.

By and large, cities that honour environmental needs more typically put resources into other quality-of-life matters such as parks, forests, waterways and clean air. So the environmentalists might take some credit for making that a reality in Southampton. The levels of carbon dioxide created by the city and its inhabitants are projected to drop by 34 per cent over the next ten years, according to the Southampton Low Carbon Group, a coalition assembled to include the Hampshire Chamber of Commerce, University of Southampton, Cofely District Energy and Business Southampton. But just as important and tangible in real time, the Group endeavours to enhance flora and fauna diversity in the city itself, building green and blue infrastructure (forested areas and waterways) that happen to also encourage healthier lifestyles.

House Valuation

Most of the people are not aware about the technicalities that go in when it comes to house value assessment; however, most of them know that is an important thing to do while buying or selling a property. When it comes to know the value of properties, there are numerous aspects which need to be considered. In the following sections, an insight will be presented on house valuation.

Income Method – What is it?

This is one method which is used for the property valuation. Here the total worth of a property is being estimated based on the revenue potential. The income which is calculated can either be generated as rental income or from re-selling the property. This is quite a complicated method; however, it is quite frequently being used by the investors when they are to fix a value on a property or when it comes to assessing the profitability of their investment in the days to come.

Certain assumptions need to be made and one needs to rely on them in order to come to an accurate conclusion using the income method. Here are the assumptions that are required to be made:

• Property Resale Value: This includes assuming the value which the property is likely to yield if it is being resold. Various factors need to be taken into consideration while assessing the resale value of a property.

• Income which is likely to be generated from Rent: This is another area which needs to be assessed. As mentioned, income from rent plays an important role while using the income method for property valuation.

How a Property’s Value is being calculated?

In order to get a better idea about the Independent house valuation, there are various assumptions and considerations which are needed to be made. This type of valuation comes into the picture when the generated income is set against the invested capital in order to find out how much profit can be generated by re-selling the property. One very common method which is being used to estimate the profit which is likely to be generated is by comparing the value of the property in question with the same type of capital expenditure or investment of similar nature.

Calculating the risk factors are perhaps the most difficult thing to do when it comes to ascertaining the value of a property. Though some sort of idea can be gained by having a look at the past market trends; however, it is very difficult to predict the nature of the property market in the days to come. Hence, it is wise to take the help of the valuation experts to know the actual worth of your property.

Before buying a property, selling it, hiring a property or giving out your property for rent, get it evaluated perfectly. For this one of the best companies you can find is Valuations.

The Rise of Porur As a Realty Hub

The accessibility to the Chennai Maduravoyal bypass via the service road near the Porur Lake has further enhanced the connectivity to both the city and the suburbs making it a lucrative spot. The proposed mono rail project will connect it to the metro stations making Porur the spot to be in the next decade or so.

From being a town panchayat back in 1977, Porur has come a long way. At first, it was a range that was without both motivation and development. Be that as it may, after the extension of the IT commercial ventures, concoction businesses and plant assembling, Porur set up itself as a potential area for property investment to Chennai’s prospective real estate investors and end buyers. Individuals while searching for purchase in Chennai’s real estate are lured towards Porur thanks to the not so costly land rates right now while being in the thick of things otherwise. There has been a critical and quick improvement in Porur because of which there are assortment of commercial ventures and sea of occupations accessible nearby.

Proximity to the airport, the national highway through the Perungalathur – Maduravoyal by pass and the advent of three more IT-SEZs coming up in the locality, Porur is gearing up to be the next IT hub of the city! Apartments in Porur are aplenty and the number of North Indians in the locality is noticeable. So, if you are from the North and would like to dwell among the Hindi speaking population of Chennai, Porur is a smart choice!

Villas in Porur are also available, albeit a little further from the locality. The highlight of the property market of Porur is its flexibility! The locality has an apartment for every need. Right from 2 BHK apartments starting at just 50 lakhs to 3 crores for a posh penthouse overlooking the Chennai skyline on one side and the lush greenery of the outskirts on the other, Porur has them all.

At present, there are numerous private and residential activities coming up in Porur. On the off chance that one is searching for a plot in Chennai, he or she should think about having as a glance at plot layouts in Porur. Estates in this locale are built in such an approach to offer a scope of proximity to offices and comforts needed for a quiet living. Porur also offers a ready to move houses in Chennai with cutting edge amenities and reasonable waiting periods.

Echo Park Real Estate

This is an eclectic city located in Central Los Angeles about ten minutes from Downtown. At the center of the city is the renowned Echo Park Lake in Elysian Park, which is the site of special events like the Lotus Festival. It is northwest of Chinatown and Downtown, northeast of Westlake and south east of Silver Lake.

It is split in to four districts.

• Angelino Heights – This area is known for the beautiful Victorian homes that are preserved by the city’s ordinances.

• Elysian Heights – This area is historically known for being the home of famous counter-culture artists, filmmakers, architects and political radicals.

• Historic Filipino town – This section is located in the southwest section.

• Victor Heights – A lovely area scattered with Bungalows and Stucco homes that share breathtaking views of Los Angeles and the Civic Center.

Throughout the four districts, the most common types of homes are Bungalows, Cottages, Victorians and Stuccos. According to the 2000 U.S. Census there were 40,455 people in there. Spread over 2.4 square miles there were approximately 16,868 people per square mile. This makes Echo Park one of the highest density areas in Los Angeles County. The median household income was $37,708, which is low for Los Angeles County. The average household size was 3.0, which is average for the county.

This city has a high Walk Score of 83/100. This means that most errands can be accomplished on foot within the city. This city’s transit score is 62. This city has good transit and provides its residents with many public transportation options. These include the Metro Red and Metro Purple Line, numerous bus routes and ride sharing options from Relay Rides. This city received a bike score of 49 because of the steep hills and minimal bike lanes.

According to Zillow, the average home value in Echo Park is $795,100. This value has increased 14.4% since last year and Zillow estimates it will continue to rise 4.3% to $829,000 over the next year. The average price of homes that are currently listed is $742,450. The median list price per square foot is $618, which is higher than the Los Angeles average of $451. The average rental price is $2,967 a month. Zillow has given the Market Health a score of 8.2/10, which is very healthy in comparison to other markets across the country. This is based on a series of metrics including how fast the homes are selling compared to the past rate. Echo Park’s prime location and thrilling culture will be sure to keep the housing market rolling for many years to come.

A New Investment Haven

NRI’s world over are investing heavily in the real estate market, both for investment purposes as well as residential. Most NRI’s prefer to retire to their hometown in India, surrounding themselves with friends and relatives – primarily Kerala, Karnataka, Tamil Nadu, Maharashtra and Delhi NCR.

Most NRI’s are spread across the globe, but there is a huge concentration of them in the Gulf. The advantage that they have is that they earn in currencies that have traded strongly against the Indian National Rupee coupled with the fact that their earnings are not taxed off-sets a part of the house cost already. The Kerala Gulf diaspora in 2008, was numbered to be more than 2.5 million and this number has only gone up since. Most malayalees invest in residential real estate and they expect the best for the substantial amounts that they spend.

Developers in Trivandrum (capital of Kerala) have started capitalizing on these investments by building more apartment in Trivandrum. They have noticed a few trends that are fast becoming prevalent and driving demand. Most clients want luxury projects, which has seen a rise in luxury flats for sale in Trivandrum, Cochin and Kozhikode. Real estate developers are becoming very careful about the ideal size to pricing ratio. We have seen that these Developers in Trivandrum are always constructing apartment in Trivandrum for people of all classes. Townships arealso becoming a lot more prevalent, with customers demanding accessibility to all amenities and a better, more affluent lifestyle.

For most NRI’s who are retiring to Kerala, investment in one of the cities seem a good option. With a massive renovation in the infrastructure both civic and social, accessibility and connectivity to all basic necessities as well as a better quality of life is possible.

As is with all other investments, investors should be careful as to who they are investing with. Real estate developers who have been in the industry for several years or have been researched thoroughly are your best bet. Better discounts can be availed by pre-booking, several luxury flats for sale in Trivandrum which are ongoing are sought out by investors mainly because of their longstanding reputation as on-time builders, trustworthiness and quality.

There are also several avenues for real estate as a rental income source, once the primary residence is bought. However there are several laws and tax regulations with regard to rental income and double taxation. These need to be thoroughly examined, usually a good real estate developer should be able to throw light on the same.

Glassell Park Real Estate

Glassell Park is a moderately diverse neighborhood located in Northeast Los Angeles. Glassell Park resides south of Glendale, west of Eagle Rock and northeast of Mount Washington. This neighborhood is quite hilly and provides its residents with astounding views. During the housing boom of 2000 a large group of middle-class people moved to Glassell Park because of the inexpensive cost and abundance of Craftsman homes. The average temperature for the hottest month of the year, July, is 73 degrees. The average temperature for the coldest month of the year, December, is 57 degrees. January is the month with the most precipitation at 4.6 inches.

Area Vibes awarded Glassell Park a livability score of 72, very livable, which is higher than the national average of 70. Walk Score says that Glassell Park is a 61, with a transit score of 44 and a bike score of 38. Therefore, Glassell Park is somewhat walkable, and some errands can be accomplished by walking. There is some public transportation with a score and not many bike lanes.

According to the 2000 U.S. Census, there were 23,467 residents within the 2.75 square mile neighborhood. This equates to 8,524 people per square mile, which is average density for Los Angeles. The ethnicity break down was as follows: Latinos: 66.1%, Whites: 13.7%, Asians: 17.4%, Blacks: 1.4% and others 1.4%. 51.5% of its residents were born abroad with the highest two being Mexico, 49.3% and the Philippines, 16.2%. The average age for residents was 30; this is average for the city and county of Los Angeles. 19% of the residents who are 25 and older have earned a four-year degree. There was 4.8% of the population listed as veterans.

The median household income in Glassell Park was $50,098, which is an average figure for the city and county of Los Angeles. The average household size is higher compared to most parts of Los Angeles at 3.3 people. This is 21% higher than the national average. Renters reside in 56.2% of the housing stock; this is 55% higher than the national average. Owners are the remaining 43.8%, these figures are 30% lower than the national average.

According to Zillow, Glassell Park homes are valued on average at $713,700. This is a 9.3% increase from last year and they expect it to raise another 2.6% next year. The average price of homes on the market is $675,000; this is 148% higher than the national average. The market health is rated at 3.8 out of 10 in comparison to other markets across the county. The average price per square foot is $499, which is higher than the Los Angeles average of $448. The current market temperature is “cool” which is ideal for the Buyer’s market. The average price of rent is $2,900, which is 33% higher than the national average.

Altadena Real Estate

Altadena is charming community located directly north of Pasadena at the base of the Angeles National Forest San Gabriel Mountains. Altadena is an unincorporated and 14 miles northeast from Downtown Los Angeles. This warm, Mediterranean climate has hot and dry summers that average highs of 91 degrees. The winters are essentially warm and windy with the lowest average temperature of 44 degrees. Altadena averages 21 inches of rainfall annually.

According to the 2010 U.S. Census – Altadena had a population of 42,777 people. With 8.71 square miles to share there were 4,909.6 people per square mile. This is average for Los Angeles County. The population was more diverse compared to other areas of the county with the dominate ethnicity being White at 52.8%, followed by 26.9% Latino, 23.7% Black, 5.4% Asian and 0.7% American Indian.

The population of Altadena is well educated in comparison to the rest of the county with 45.6% of residents aged 25 and up with a four year degree and 87.9% with a high school diploma. In regards to the male population: 57.8% were married, 32.9% had never been married, 7.1% had been divorced and 2.1% were widowed. The female population had53.9% who were married, 24.4% had never been married, 12.4% were divorced and 9.4% were widowed. The average age of Altadena was 37, which is an older average age compared to the rest of Los Angeles County. 9.8% of the people in population were veterans and 20.8% of residents were born in a foreign country. The average commute to work was 27.5 minutes. Altadena has a Walk Score of 48 out of 100 meaning that it is a car dependent city.

The average household size was 2.8 people, which was 9% higher than the national average. Approximately 74.6% of residents owned their homes. This was 10% higher than the national average. 25.4% of the population rented from a house, apartment or condominium. The 2010 Census declared there being 15,518 households with a median household income of $83,917. This is high compared to Los Angeles County.

Altadena real estate isn’t cheap, however. The median price of homes for sale in Altadena is $780,000. This is 226% higher than the national average. However, the average home value is $731,400. The price per square foot is $485. The current housing market “temperature” is neutral. Last year the home values increased by 8.1% and Zillow predicts they will rise only 1.9% within the next year. The average monthly rent is $2,921. This is 53% higher than the national average. The current housing market health is 6.9/10. This is healthy score given by Zillow in comparison to other housing markets across the country.According to Area Vibes, Altadena has a livability score of 77 – extremely livable. This is higher than the national average of 70.

How to Attract Success

I had the most amazing experience last year at the Denver and Minnesota Success Summits. For those of you that I was lucky enough to present to, you know that over time I have focused my energy on teaching skills, techniques, and strategies to help you get rich in real estate. I gave my first presentation to a live audience in 2006, and have since taught thousands of investors how to make money. I have written countless articles, reports, and a book. I love getting notes in the mail, emails, or people approaching me telling me how I helped change their life. Someone told me that my book helped them make an additional $50,000 this past year alone. You can probably tell that I have a passion and am driven to help people reach their goals, and now I understand that I was missing a very important piece to this mission. Most people need more than skills, techniques and strategies. Many can acquire all the information they need to make a fortune and still be broke. What most people need is the understanding of what it actually takes to be successful.

At this year’s Success Summits, I tried something new. I tried to breakdown the fear that prevents us from taking action and tried to give techniques on how to move forward past the fear. I had a lot of fun with the presentation, but it also pulled a lot of emotion out of me and the audience. Multiple people told me I touched them, and it was the exact presentation they needed to hear as the try to jump start their investing. I think one of the reasons I had several people approach me in tears is because they know they have not been taking action, to avoid pain, and all that has created in their life is more pain. That is a hard thing for someone to realize. My guess is people left that presentation being hard on themselves. That is not the point. The point is, now they understand what was holding them back so that they can implement strategies to propel themselves forward. The past is the past, and serves only as an educator for the greatness that is about to come.

If you attended the presentation, you learned that our decisions are based on one of two driving forces. Pursuit of pleasure or the avoidance of pain. We talked about pain being a stronger force, and can easily dominate our decision making. The thought of experiencing pain, even if it is not physical, is scary; which is where the fear that stops us stems.

How to Attract Success

I had the most amazing experience last year at the Denver and Minnesota Success Summits. For those of you that I was lucky enough to present to, you know that over time I have focused my energy on teaching skills, techniques, and strategies to help you get rich real estate. I gave my first presentation to a live audience in 2006, and have since taught thousands of investors how to make money. I have written countless articles, reports, and a book. I love getting notes in the mail, emails, or people approaching me telling me how I helped change their life. Someone told me that my book helped them make an additional $50,000 this past year alone. You can probably tell that I have a passion and am driven to help people reach their goals, and now I understand that I was missing a very important piece to this mission. Most people need more than skills, techniques and strategies. Many can acquire all the information they need to make a fortune and still be broke. What most people need is the understanding of what it actually takes to be successful.

At this year’s Success Summits, I tried something new. I tried to breakdown the fear that prevents us from taking action and tried to give techniques on how to move forward past the fear. I had a lot of fun with the presentation, but it also pulled a lot of emotion out of me and the audience. Multiple people told me I touched them, and it was the exact presentation they needed to hear as the try to jump start their investing. I think one of the reasons I had several people approach me in tears is because they know they have not been taking action, to avoid pain, and all that has created in their life is more pain. That is a hard thing for someone to realize. My guess is people left that presentation being hard on themselves. That is not the point. The point is, now they understand what was holding them back so that they can implement strategies to propel themselves forward. The past is the past, and serves only as an educator for the greatness that is about to come.

If you attended the presentation, you learned that our decisions are based on one of two driving forces. Pursuit of pleasure or the avoidance of pain. We talked about pain being a stronger force, and can easily dominate our decision making. The thought of experiencing pain, even if it is not physical, is scary; which is where the fear that stops us stems.